[11/16] First wave of breakout from the previous day's high — EUR/USD trade example ~
Hello! I’m Sakkī, a wave trader (@skiym_aaa).@skiym_aaaI left my first company after three years and am now a full-time trader.
My trading style is day trading,
and I trade every day aiming for the third wave of the Elliott Wave.
Now, let's take a look at the Elliott Wave that occurred yesterday (11/15)!
★ EUR/USD 1-minute chart, night (21:16)22.4pips gained!
※ Fibonacci retracement is drawn from the end of the first wave toward the start.
- Entry basis (recognition of Wave 1) ➜ Break of retrace high / break of previous day high
- Entry ➜ After a 61.8% Fibonacci retracement, MACD gold cross
- Take profit ➜ 100% of Fibonacci (5.1 pips) / 161.8% Fibonacci (17.3 pips)
- Stop loss ➜ 23.6% of Fibonacci
- Point ➜ Looks like a W-bottom
There are two bases for Wave 1, and it also looks like a W-bottom appeared.
By piling up these bases, it becomes solid.
Well then, see you next week!
【Blog】
↓ I’m sharing my own trading results and the method I’ve explained here called “Wave Trading”!
“How to Start Being a NEET at 25”
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